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Bragg Gaming Group (TSX:BRAG, OTC:BRGGD), a global B2B gaming technology and content provider, is to acquire Spin Games LLC, a Reno, Nevada-based B2B gaming technology and content provider currently servicing the US market. Throught the merger, Bragg has agreed to acquire Spin for approximately USD30m. Under the deal, the sellers of Spin will receive USD10m in cash and USD20m in common shares of Bragg of which USD5m in common shares will be issued on closing and the balance over the next three years. The transaction, which will close following final approval from state gaming regulators and satisfaction of other customary closing conditions, will allow Bragg to diversify its revenue from European markets and establish US operating presence setting to capitalize on the growing US and Canadian online casino markets as also shown by ....
Share this article Share this article WATERFORD, Ireland, April 7, 2021 /PRNewswire/ Thimba Media, the iGaming performance marketing company, today delivered on one of the companies core strategic goals of growing through both organic and M&A pillars by announcing its acquisition of the UK based organic affiliation website theslotbuzz.com ( theslotbuzz ). As a result of the acquisition, Thimba Media s revenues within locally regulated markets will be approximately 40%. The agreed purchase price for The Slot Buzz represents a multiple of approximately 3.9 times Net Income, based on current run rate. The Slot Buzz is expected to generate EBITDA of $500,000 in this financial year. ....